Note 7 - Inventories

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 7.  Inventories

Inventories, net consist of the following for the periods indicated (in thousands):​

	June 30, 2025			December 31, 2024
Raw materials	$	77,116		$	50,379
Work in process and sub-assemblies		61,205			35,716
Finished goods		18,927			17,291
Allowance for inventory		(18,381	)		(15,251	)
Total inventories	$	138,867		$	88,135

For the three months ended June 30, 2025 and 2024, the inventory reserve adjustment expensed for inventory was $1.9 million and $1.4 million, respectively. For six months ended June 30, 2025 and 2024, the inventory reserve adjustment expensed for inventory was $3.7 million and $3.1 million, respectively.

For the three months ended June 30, 2025 and 2024, the direct inventory write-offs related to scrap, discontinued products and damaged inventories were $0.9 million and $0.8 million, respectively. For the six months ended June 30, 2025 and 2024, the direct inventory write-offs related to scrap, discontinued products and damaged inventories were $2.0 million and $1.7 million, respectively.